Quad-C Management acquires Armstrong Transport Group
The Charlotte-based freight brokerage, which generated approximately $1.5 billion in annual revenue, connects shippers with truckload, LTL, and cross-border carriers through a nationwide network of independent agents.
Takeaways
- Armstrong Transport Group is a logistics platform offering truckload, LTL, and cross-border brokerage solutions.
- Quad-C Management is acquiring Armstrong Transport Group.
- The target serves commercial shippers across United States, Canada, Mexico.
Armstrong Transport Group, founded in 2006 and headquartered in Charlotte, North Carolina, operates a 3PL platform that links commercial shippers with full truckload, heavy-haul, flatbed, temperature-controlled, and less-than-truckload carriers across the United States, Canada, and Mexico.
The company, which generates about $1.5 billion in yearly revenue, was recently ranked among the top 15 freight brokerages in North America by Transport Topics.
Quad-C Management is partnering with Armstrong's executive management team, which will remain in place and retain significant ownership.
"Armstrong has clearly demonstrated a differentiated service offering in third-party logistics (3PL), a core area of focus at Quad-C," said Michael Brooks, Partner, Quad-C.
The firm plans to support growth through reinvestment, organic expansion, and acquisitions.
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